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Bitfarms reported Q3 revenue of $69.2M versus $87.4M expected, causing a 16% share drop amid investor concerns about crypto-mining sector shifts and compute repurposing.
Summary by The Diplomat
5 Articles
5 Articles
Why Bitfarms Plunged 16% This Past Week
Key PointsConflicting earnings reports from companies in the Bitcoin mining space have complicated investors' outlook for this sector.Until a large-scale transition is achieved, investors will be forced to have patience in determining the profitability levels these companies' compute will drive. Here's why Bitfarms appears to be one of the laggards of its peer group right now. 10 stocks we like better than Bitfarms › I have to admit, I didn't se…
·Alexandria, United States
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Total News Sources5
Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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